Shelton Capital Management cut its position in shares of Caterpillar Inc. (NYSE:CAT) by 22.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,924 shares of the industrial products company’s stock after selling 5,900 shares during the quarter. Shelton Capital Management’s holdings in Caterpillar were worth $2,485,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Baker Ellis Asset Management LLC purchased a new position in Caterpillar in the second quarter valued at about $104,000. Motco boosted its holdings in Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 718 shares during the last quarter. Acrospire Investment Management LLC boosted its holdings in Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 900 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Caterpillar by 75.6% in the second quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 496 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC boosted its holdings in Caterpillar by 4,240.7% in the third quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 1,145 shares during the last quarter. Institutional investors own 68.54% of the company’s stock.
In related news, CFO Bradley M. Halverson sold 17,210 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the sale, the chief financial officer now owns 7,814 shares of the company’s stock, valued at approximately $1,073,096.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bradley M. Halverson sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $137.67, for a total value of $357,942.00. Following the completion of the sale, the insider now owns 5,214 shares in the company, valued at $717,811.38. The disclosure for this sale can be found here. In the last three months, insiders sold 52,989 shares of company stock worth $7,235,850. Company insiders own 0.14% of the company’s stock.
Shares of Caterpillar Inc. (CAT) opened at $170.30 on Friday. The stock has a market capitalization of $101,320.00, a P/E ratio of 118.26, a P/E/G ratio of 2.01 and a beta of 1.29. Caterpillar Inc. has a 1-year low of $90.34 and a 1-year high of $170.67. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04.
Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business’s revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. analysts forecast that Caterpillar Inc. will post 6.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is 216.67%.
CAT has been the subject of a number of analyst reports. Wells Fargo & Co set a $150.00 price target on Caterpillar and gave the company a “buy” rating in a report on Monday, October 16th. They noted that the move was a valuation call. Tigress Financial reissued a “buy” rating on shares of Caterpillar in a report on Monday, September 18th. UBS Group raised Caterpillar from a “neutral” rating to a “buy” rating and increased their price target for the company from $116.00 to $140.00 in a report on Monday, September 18th. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a report on Wednesday, October 11th. Finally, Goldman Sachs Group increased their price target on Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $147.72.
Caterpillar Company Profile
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